INSIDER TRADING allegations just dropped against Jane Street, one of the most powerful trading firms on Wall Street, for allegedly HELPING TRIGGER THE UST COLLAPSE.
Jane Street used a private Signal group called "Bryce's Secret" to share confidential info about Terraform's internal redemption mechanisms.
Terraform allegedly redeemed $150M in UST through a privileged back channel not available to ordinary holders, while Jane Street opened an $85M short on Curve as UST began its death spiral, profiting from the collapse they helped accelerate.
That collapse wiped out ~$40B and took down Three Arrows Capital, Celsius, and Voyager with it.
Jane Street handles roughly 5% of all U.S. equity trading volume. These are the same TradFi firms that lecture about "market integrity" and lobby for tighter crypto regulation, while allegedly exploiting information asymmetries behind closed doors.
If these allegations hold up, it confirms what many have long suspected about who the real bad actors in this space are.
Jane Street used a private Signal group called "Bryce's Secret" to share confidential info about Terraform's internal redemption mechanisms.
Terraform allegedly redeemed $150M in UST through a privileged back channel not available to ordinary holders, while Jane Street opened an $85M short on Curve as UST began its death spiral, profiting from the collapse they helped accelerate.
That collapse wiped out ~$40B and took down Three Arrows Capital, Celsius, and Voyager with it.
Jane Street handles roughly 5% of all U.S. equity trading volume. These are the same TradFi firms that lecture about "market integrity" and lobby for tighter crypto regulation, while allegedly exploiting information asymmetries behind closed doors.
If these allegations hold up, it confirms what many have long suspected about who the real bad actors in this space are.
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